Arabica Coffee Soars on Brazil Dryness and Brazilian Real Strength

March arabica coffee (KCH26 ) today is up +13.30 (+3.70%). March ICE robusta coffee (RMH26 ) is up +63 (+1.61%). Coffee prices are sharply higher today, with arabica posting a 4-week high. Below-average rainfall in Brazil, the world's largest arabica producer, is supporting arabica coffee. Somar Meteorologia reported Monday that...Cup of coffee with coffee beans in burlap sack on coffee tree background by Amenic181 via Shutterstock